If you are wondering where you can obtain a guaranteed bad credit personal loan with bad credit then you have come to the right place! For some time now, lenders have been using credit scoring models such as FICO and Vantage to determine what potential borrowers will be a good risk for unsecured signature or personal loans. The higher your credit score the less of a risk you are and the more likely to get them funds that you desire, however, the lower your credit score the higher the risk you become. If your credit score is too low, the lender may decide to turn down your application because you are a extreme risk and are less likely to pay back the borrowed money.
Sometimes lenders are justified for thinking this way, but then again, some people have poor credit scores because they fell on hard times in the past. A bad record of missed payments from a creditor can hurt a person’s credit score for seven years. Even if you had a positive credit rating for the last 5 years, one account that was delinquent in the past can still be dragging down your credit rating.
Our staff a InfoAviator Publishing believe that most people deserve a second chance at a unsecured line of credit even if you have made mistakes in the past with not being able to pay your bills on time. Many people have fallen on hard times in the past and some through no fault of their own. Good individuals sometimes get laid-off, injured, sick, or divorced which can dramatically change their household monthly income.
Unfortunately, most traditional lenders won’t take into account why you had troubles in the past repaying your debt. However, we have found that there are banks, credit unions, along with other types of financial institutions that are more forgiving on past credit issues and will give those with bad credit a second chance personal loan.
Our staff along with our viewers have taken the time to list the banks and credit unions willing to offer applicants personal loans under “fresh start”, “second chance”, and “credit builder” programs. To see a list of which financial institutions, in which our viewers have submitted, that are currently offering California residents the above types of programs — please see http://answers.infoaviator.org/?qa=516/second-chance-signature-loans-for-bad-credit-in-california&show=516#q516 and feel free to join our fantastic club of members to add any banks or credit unions that our staff or members may have missed.
In addition to the above list that was submitted by our viewers, please check our staff reviewed guaranteed verified list of nationwide banks and financial institutions offering loans to people with less than perfect credit at http://infoaviator.org/finance/credit/personal-loans/2014/05/27/where-to-get-a-easy-unsecured-personal-loan-with-terrible-credit/.
If you are denied credit by any of the lenders listed, please let us know so we can adjust our list accordingly. Please also note that the Equal Opportunity Credit Act (ECOA) requires lenders to give a notice to the rejected applicant with the specific reasons of why the application was rejected. Make sure to ask the creditor to be specific because vague and indefinite reasons for being turned down are illegal. For example, acceptable reasons might be that you haven’t been employed long enough or your income was too low. Unacceptable reasons include statements such as you didn’t receive enough points on our credit scoring system or you didn’t meet our minimum standards.
If a lender denies your loan because you are close to your maximum limits on your credit cards, you can reapply after paying down those high balances.
Some people get denied a loan because of inaccuracies in their credit report, be sure to verify all the items and information on your credit reports from all three credit bureaus (Experian, Equifax, and TransUnion) and dispute inaccurate information with the proper credit reporting company.
InfoAviator Publishing is a organization determined to help people with bad credit get the signature loan they deserve and we currently are spending our time and available resources to help Californians residing in the cities and townships (but not limited to) of Hayward, Riverside, Santa Ana, Inglewood, Ontario, West Covina, Moreno, Fairfield, Pomona, Los Angeles, Oxnard, Oakland, Vallejo, San Diego, Concord, Elk Grove, Corona, Irvine, Costa Mesa, Anaheim, Santa Rosa, Sacramento, Fontana, Carlsbad, Torrance, Sunnyvale, Downey, Bakersfield, Escondido, Glendale, El Monte, Long Beach, Garden Grove, Modesto, Santa Clara, Palmdale, Santa Clarita, Chula Vista, San Bernardino, Burbank, Salinas, Visalia, Simi Valley, Oceanside, Thousand Oaks, Huntington Beach, San Francisco, Fremont, Ventura, Roseville, Lancaster, Murrieta Norwalk, Victorville, Stockton, San Jose, Fullerton, Orange, Pasadena, Berkeley, Fresno, Rancho Cucamonga, and Richmond.